vs
FMC CORP（FMC）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是FMC CORP的1.1倍（$851.9M vs $759.0M），美森净利率更高（16.8% vs -37.0%，领先53.8%），FMC CORP同比增速更快（-4.0% vs -4.3%），美森自由现金流更多（$42.2M vs $-628.1M），过去两年美森的营收复合增速更高（8.6% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FMC vs MATX — 直观对比
营收规模更大
MATX
是对方的1.1倍
$759.0M
营收增速更快
FMC
高出0.3%
-4.3%
净利率更高
MATX
高出53.8%
-37.0%
自由现金流更多
MATX
多$670.3M
$-628.1M
两年增速更快
MATX
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $851.9M |
| 净利润 | $-281.2M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | -10.6% | 16.9% |
| 净利率 | -37.0% | 16.8% |
| 营收同比 | -4.0% | -4.3% |
| 净利润同比 | — | 11.8% |
| 每股收益（稀释后） | $-2.25 | $4.47 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FMCMATX
| Q1 26 | $759.0M | — | ||
| Q4 25 | $1.1B | $851.9M | ||
| Q3 25 | $542.2M | $880.1M | ||
| Q2 25 | $1.1B | $830.5M | ||
| Q1 25 | $791.4M | $782.0M | ||
| Q4 24 | $1.2B | $890.3M | ||
| Q3 24 | $1.1B | $962.0M | ||
| Q2 24 | $1.0B | $847.4M |
净利润FMCMATX
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $143.1M | ||
| Q3 25 | $-569.3M | $134.7M | ||
| Q2 25 | $66.7M | $94.7M | ||
| Q1 25 | $-15.5M | $72.3M | ||
| Q4 24 | $-16.3M | $128.0M | ||
| Q3 24 | $65.0M | $199.1M | ||
| Q2 24 | $295.1M | $113.2M |
毛利率FMCMATX
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | — | ||
| Q3 25 | 23.8% | — | ||
| Q2 25 | 38.7% | — | ||
| Q1 25 | 40.0% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 38.3% | — |
营业利润率FMCMATX
| Q1 26 | -10.6% | — | ||
| Q4 25 | -130.8% | 16.9% | ||
| Q3 25 | -73.1% | 18.3% | ||
| Q2 25 | 12.0% | 13.6% | ||
| Q1 25 | 7.4% | 10.5% | ||
| Q4 24 | 19.2% | 16.6% | ||
| Q3 24 | 12.7% | 25.2% | ||
| Q2 24 | 6.0% | 14.7% |
净利率FMCMATX
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | 16.8% | ||
| Q3 25 | -105.0% | 15.3% | ||
| Q2 25 | 6.3% | 11.4% | ||
| Q1 25 | -2.0% | 9.2% | ||
| Q4 24 | -1.3% | 14.4% | ||
| Q3 24 | 6.1% | 20.7% | ||
| Q2 24 | 28.4% | 13.4% |
每股收益（稀释后）FMCMATX
| Q1 26 | $-2.25 | — | ||
| Q4 25 | $-13.77 | $4.47 | ||
| Q3 25 | $-4.52 | $4.24 | ||
| Q2 25 | $0.53 | $2.92 | ||
| Q1 25 | $-0.12 | $2.18 | ||
| Q4 24 | $-0.13 | $3.69 | ||
| Q3 24 | $0.52 | $5.89 | ||
| Q2 24 | $2.35 | $3.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $390.9M | $141.9M |
| 总债务越低越好 | $2.8B | $361.2M |
| 股东权益账面价值 | $1.8B | $2.8B |
| 总资产 | $9.4B | $4.6B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FMCMATX
| Q1 26 | $390.9M | — | ||
| Q4 25 | $584.5M | $141.9M | ||
| Q3 25 | $497.7M | $92.7M | ||
| Q2 25 | $438.2M | $59.1M | ||
| Q1 25 | $315.3M | $122.0M | ||
| Q4 24 | $357.3M | $266.8M | ||
| Q3 24 | $416.7M | $270.3M | ||
| Q2 24 | $471.5M | $168.2M |
总债务FMCMATX
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | $361.2M | ||
| Q3 25 | $3.4B | $370.9M | ||
| Q2 25 | $3.4B | $341.3M | ||
| Q1 25 | $3.1B | $351.1M | ||
| Q4 24 | $3.1B | $361.2M | ||
| Q3 24 | $3.1B | $370.9M | ||
| Q2 24 | $3.1B | $381.0M |
股东权益FMCMATX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $3.8B | $2.7B | ||
| Q2 25 | $4.4B | $2.6B | ||
| Q1 25 | $4.4B | $2.6B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.6B | $2.6B | ||
| Q2 24 | $4.6B | $2.4B |
总资产FMCMATX
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $4.6B | ||
| Q3 25 | $12.1B | $4.6B | ||
| Q2 25 | $12.3B | $4.5B | ||
| Q1 25 | $11.8B | $4.5B | ||
| Q4 24 | $11.7B | $4.6B | ||
| Q3 24 | $12.2B | $4.4B | ||
| Q2 24 | $12.1B | $4.3B |
负债/权益比FMCMATX
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | 0.13× | ||
| Q3 25 | 0.89× | 0.14× | ||
| Q2 25 | 0.76× | 0.13× | ||
| Q1 25 | 0.71× | 0.13× | ||
| Q4 24 | 0.69× | 0.14× | ||
| Q3 24 | 0.68× | 0.15× | ||
| Q2 24 | 0.68× | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-628.1M | $42.2M |
| 自由现金流率自由现金流/营收 | -82.8% | 5.0% |
| 资本支出强度资本支出/营收 | 2.2% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $-154.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流FMCMATX
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $176.9M | ||
| Q3 25 | $-184.2M | $175.6M | ||
| Q2 25 | $65.9M | $105.6M | ||
| Q1 25 | $-545.0M | $89.0M | ||
| Q4 24 | $427.9M | $174.7M | ||
| Q3 24 | $159.5M | $248.6M | ||
| Q2 24 | $292.2M | $307.9M |
自由现金流FMCMATX
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $42.2M | ||
| Q3 25 | $-207.9M | $92.4M | ||
| Q2 25 | $50.9M | $19.3M | ||
| Q1 25 | $-576.6M | $-200.0K | ||
| Q4 24 | $406.3M | $49.3M | ||
| Q3 24 | $143.8M | $189.0M | ||
| Q2 24 | $282.3M | $238.1M |
自由现金流率FMCMATX
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 5.0% | ||
| Q3 25 | -38.3% | 10.5% | ||
| Q2 25 | 4.8% | 2.3% | ||
| Q1 25 | -72.9% | -0.0% | ||
| Q4 24 | 33.2% | 5.5% | ||
| Q3 24 | 13.5% | 19.6% | ||
| Q2 24 | 27.2% | 28.1% |
资本支出强度FMCMATX
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 15.8% | ||
| Q3 25 | 4.4% | 9.5% | ||
| Q2 25 | 1.4% | 10.4% | ||
| Q1 25 | 4.0% | 11.4% | ||
| Q4 24 | 1.8% | 14.1% | ||
| Q3 24 | 1.5% | 6.2% | ||
| Q2 24 | 1.0% | 8.2% |
现金转化率FMCMATX
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 0.99× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | 2.45× | 1.25× | ||
| Q2 24 | 0.99× | 2.72× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
